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Crypto News

American Senator to present Stablecoin Legislation today: Compatibility with Trump’s priorities for encryption

Senator Bill Hajari is scheduled to make legislation aimed at creating a regulatory framework for Stablecoins. This initiative, scheduled for Tuesday, reflects an increasing desire among Republican lawmakers to create Friendly guidelines for encryption Inside the financial system.

Stablecoins under a microscope

Stablecoins, which are encrypted currencies designed to maintain a stable value by linking their value to traditional assets such as the US dollar, gained a bridge between digital currencies and the traditional financial system.

Supporters argue that the federal organizational framework can enhance the legitimacy of Stablecoins, which may lead to a broader adoption of integration in daily transactions.

“My legislative creates a safe and supportive regulatory framework that unleashes innovation and provides the president’s mission to make America the capital of the world’s encryption,” I mentioned.

Senator Kirsten Gilbrand, Tim Scott and Bitcoin Centeh Lomes are also joining, focusing on the two parties support for this emerging sector.

The proposed legislation, known as the guidance and creation of the national innovation of US Stablecoin (genius law), defines specific rules for issuing Stablecoin payments.

It requires that these digital currencies are supported by American currency, FBI’s observations, treasury bills, and other safe assets. This requirement is suitable given the scrutiny surrounding the reserves that support the famous Stablecoins, such as Stablecoin Usdt from Tether.

An important advantage of the law of genius is to push it to transparency. Under the proposed SystemsThe exporters of these digital assets will be asked to disclose the audited reports monthly regarding reserves that support Stablecoins.

Any wrong reports can lead to criminal penalties, highlighting the commitment to accountability and security in this advanced market quickly.

New legislation aims to enhance control

The proposed legislation would put non -banking exporters under the supervision of the currency financial observer office, which increases the consolidation of organizational oversight in this field.

Trump Renewed commitment The encryption space is a remarkable shift from his previous doubts regarding digital assets. During his 2024 campaign, the President adopted the industry, and encouraged organizational changes that would enhance innovation.

Last month, Donald Trump also signed Executive order The call to the development of the dollar-backed Stablecoins worldwide with the expression of the Central Bank’s digital currency opposition (CBDC)-a possible competitor to these digital assets.

This pre -emptive position contradicts the approach followed by the Biden Administration, which gave priority to investigations and procedures for enforcement on the organizational clarity led by the US Securities and Stock Exchange Committee (SEC).

Both Democrats and Republicans in the Congress have expressed the complexity of the complexes of Stablecoin, indicating potential efforts by the two parties to create a coherent framework.

Stablecoin
The 1D graph shows the total evaluation of the Crypto market at $ 3.2 trillion. source: Total on Tradingview.com

Distinctive image from Dall-E, Chart from TradingView.com

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